$154 Million Accounting Error and A Ceasefire Update

Good Evening 🇺🇸,

What happened today,

  • Macy’s is delaying its Q3 earnings report as it says an employee intentionally hid $154 million worth of expenses, Macy’s will perform an independent accounting investigation

  • The median U.S. home price is now $435,000, per NAR, up 39% since 2020

  • DOW up .99% / S&P up .30% on the day

  • In a turn of events from what was initially expected Trump has named Scott Bessent as Treasury Secretary, Bessent is a former Hedge Fund Executive

  • Special Counsel Jack Smith moves to dismiss all charges against Donald Trump in election interference case

  • A California judge rules today that the Menendez brothers’ resentencing hearing will be pushed back from December 11th to dates in late January

  • A ceasefire deal between Israel and Hezbollah is “close”, Officials say which would stop the war in Lebanon, Read more below ⬇️

    https://www.reuters.com/world/middle-east/israel-moving-towards-hezbollah-ceasefire-issues-remain-spokesperson-says-2024-11-25/

Plus: An interesting look at the least peaceful countries

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Quote of the day: “In a market economy, the only way to make yourself richer is to successfully help other individuals make themselves richer” -Donald Boudreaux

Have a great night!

P.S. Email us at [email protected] for more info on any news points in the letter or feel free to give any feedback you have!